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GILBERT, AZ
Burger King
OFFERING MEMORANDUM
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
GILBERT, AZ
Burger King
Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
NON-ENDORSEMENT NOTICE
NET LEASED DISCLAIMER
Burger KingGILBERT, AZ
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property.
Section 1 PRICING AND FINANCIAL ANALYSIS
Section 2 PROPERTY DESCRIPTION
Section 3 RECENT SALES
Section 4 DEMOGRAPHIC ANALYSIS
TABLE OF CONTENTS
Burger King
Burger KingGILBERT, AZ
PRICING AND FINANCIAL ANALYSIS
Annualized Operating Data
450 North Gilbert RoadGilbert, AZ 85234
Price $1,000,000
Down Payment 100% / $1,000,000
Rentable Square Feet 2,726
Price/SF $366.84
CAP Rate 6.00%
Year Built 1988
Lot Size 0.80 Acres
Type of Ownership Fee Simple
1
Location
PRICING AND FINANCIAL ANALYSIS
Burger KingGILBERT, AZ
Rent Increases Annual Rent Monthly Rent
Year 1 $60,000.00 $5,000.00
Year 2 $60,000.00 $5,000.00
Year 3 $60,000.00 $5,000.00
Year 4 $60,000.00 $5,000.00
Year 5 $60,000.00 $5,000.00
Year 6 $60,000.00 $5,000.00
Year 7 $60,000.00 $5,000.00
Year 8 $60,000.00 $5,000.00
Year 9 $60,000.00 $5,000.00
Year 10 $60,000.00 $5,000.00
Year 11 $60,600.00 $5,050.00
Year 12 $61,206.00 $5,100.50
Year 13 $61,818.06 $5,151.51
Year 14 $62,436.24 $5,203.02
Year 15 $63,060.60 $5,255.05
Year 16 $63,691.21 $5,307.60
Year 17 $64,328.12 $5,360.68
Year 18 $64,971.40 $5,414.28
Year 19 $65,621.12 $5,468.43
Year 20 $66,277.33 $5,523.11
Base Rent ($22.01/SF) $60,000
Net Operating Income $60,000
Total Return 6.00% / $60,000
Tenant Trade Name Burger King
Ownership Private
Tenant MCL Gilbert Road Restaurants,
Lease Guarantor No Guarantee
Lease Type Triple Net (NNN)
Roof and Structure Tenant Responsible
Lease Term 20 Years
Lease Commencement Close of Escrow
Rent Commencement Close of Escrow
Lease Expiration Date 20 Years From COE
Term Remaining on 20 Years
Increases 1% Annually Starting Year 11
Options Five, Five-Year Options
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
Tenant Summary
FINANCIAL OVERVIEW
Tenant Trade Name Burger King
Ownership Private
Tenant MCL Gilbert Road Restaurants, LLC
Lease Type Triple Net (NNN)
Roof and Structure Tenant Responsible
Lease Term 20 Years
Lease Commencement Date Close of Escrow
Rent Commencement Date Close of Escrow
Lease Expiration Date 20 Years From COE
Term Remaining on Lease 20 Years
Increases 1% Annually Starting Year 11
Options Five, Five-Year Options
Option Period Increases:Years One Through Three: 1 Percent Annual IncreasesYears Four and Five: Flat Rent
■ 20-Year Triple-Net (NNN) Sale-Leaseback ■ One Percent Annual Increases Starting Year 11
■ Five, Five-Year Renewal Options ■ Major Remodel Completed in 2008
■ Franchisee Operator ■ Multi-Unit Operator
Investment Summary
Sale Price $1,000,000
CAP Rate 6.00%
Current Rent $60,000
Lease Term 20-Year Triple-Net (NNN)
Rental Increases 1% Starting Year 11
Investment Highlights
The subject investment is a Burger King sale-leaseback located at 450 North Gilbert Road in Gilbert, Arizona. The property consists of roughly 2,726 square feet of building space and sits on approximately 0.80 acres of land.
This Burger King will be subject to a 20-year triple-net, sale-leaseback with MCL Gilbert Road Restaurants, LLC. MCL Gilbert Road Restaurants, LLC will enter into a new 20-year lease at the close of escrow. MCL Gilbert Road Restaurants, LLC's indirect parent company, MCL Enterprises, LLC, owns and operates 28 Burger King locations throughout Arizona. The base rent will be $60,000 and will be subject to 1 percent annual rental increases starting year 11, and will include five, five-year tenant renewal options. The property was remodeled in 2008 to include a brand new dining room package, new signage, and new patio canopies as well as a painted exterior.
Every day, more than 11 million guests visit Burger King restaurants around the world. They do so because Burger King restaurants are known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original "Home of the Whopper," their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for more than 50 successful years.
About The Investment
2
PRICING AND FINANCIAL ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
INVESTMENT SUMMARY
The MCL Family of Companies is the largest Burger King franchisee in the state of Arizona currently operating
Burger King Restaurants all over the state of Arizona with locations in Tucson, Phoenix, Camp Verde, Pinetop,
Prescott, Payson, Show Low, and Whiteriver. MCL Family of companies has assembled a top notch management team
to lead the company and is committed to providing excellence in customer service and customer satisfaction.
Mr. Laird has a strong background of outstanding restaurant operations. In April, 2000, Mitchell C. Laird was selected
as the Western United States recipient for the prestigious Burger King Restaurant Excellence 2000 Award which
recognized his organization as the best in the entire Western United States. He was one of only seven such award
winners worldwide.
Mr. Laird has assembled a top notch management team for the MCL Family of Companies and is committed to
providing excellence in customer service and customer satisfaction.
Approximately 90 percent of BURGER KING® restaurants are owned and operated by independent franchisees, many
of them family-owned operations that have been in business for decades. In 2009, BKC was recognized by Interbrand
on its top 100 "Best Global Brands" list and Ad Week has named it one of the top three industry-changing advertisers
within the last three decades. In October 2010, Burger King Corporation was purchased by 3G Capital, a multi-billion
dollar, global investment firm focused on long-term value creation, with a particular emphasis on maximizing the
potential of brands and businesses.
Every day, more than 11 million guests visit one of the more than 12,300 BURGER
KING® restaurants located throughout 76 countries and territories worldwide. And
they do so because Burger King restaurants are known for serving high-quality,
great-tasting, and affordable food. The original HOME OF THE WHOPPER®, BK's
commitment to premium ingredients, signature recipes, and family-friendly dining
experiences is what has defined the brand for more than 50 successful years.
Concept Overview
3
Franchisee Overview
PRICING AND FINANCIAL ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
MCL Gilbert Road Restaurants, LLC's indirect parent
company, MCL Enterprises, is a 19-year Burger King
franchisee whose companies, known collectively as the
“MCL Family of Companies,” consist of a law firm, real
estate companies, and management companies that own
and operate 28 Burger King Restaurants in the state of
Arizona.
CONCEPT AND FRANCHISEE OVERVIEW
Burger KingGILBERT, AZ
PROPERTY DESCRIPTION
Property Details
Location Highlights
■ Strong Demographics and Traffic Counts ■ Close Proximity to Phoenix, Arizona
■ Situated Within a Dense Retail Corridor ■ Strong Population Growth
About The LocationThis Burger King is located at 450 North Gilbert Road in Gilbert, Arizona. Gilbert is a town in Maricopa County, located southeast of Phoenix, within the Phoenix metropolitan area. Once known as the "Hay Shipping Capital of the World", Gilbert is currently the most populous incorporated town in the United States. Gilbert encompasses 76 square miles and has made a rapid transformation from an agriculture-based community to an economically diverse suburban center located in the southeast valley of the Phoenix metropolitan area.
There are approximately 121,000 people within a three-mile radius of this property and more than 371,000 people within a five-mile radius. The property is situated on the hard corner of North Gilbert Road and West Jupiter Avenue. Traffic counts on North Gilbert Road are roughly 27,000 vehicles per day, providing a consistent flow of consumers to this Burger King location.
The subject property is well-positioned on a strong retail corridor home to an array of national, regional, and local brands. Retail along North Gilbert Road includes: Sam’s Club, Sonic, AutoZone, Papa Johns, Bank of America, Big Lots, H&R Block, Walgreens, Goodwill, O’Reilly Auto Parts, Chase Bank and Jiffy Lube, just to name a few.
Gilbert is served by two area freeways, the Santan Freeway portion of Loop 202 and US-60. Several major arterials also serve the area, including Williams Field Road, Chandler Boulevard, and Gilbert Road. Additionally, the town enjoys relative closeness to Phoenix Mesa Gateway Airport, which is located in east Mesa; and is a 25-minute drive from Phoenix Sky Harbor International Airport.
Year Built 1988
Building Square Footage 2,726
Lot Size 0.80 Acres
450 North Gilbert RoadGilbert, AZ 85234
5
PROPERTY DESCRIPTION
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
LOCATION OVERVIEW
6
PROPERTY DESCRIPTION
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
PROPERTY PHOTOS
7
PROPERTY DESCRIPTION
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
PROPERTY PHOTOS
8
PROPERTY DESCRIPTION
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
PROPERTY PHOTOS
Local Map Regional Map
9
PROPERTY DESCRIPTION
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
AREA MAPS
AERIAL PHOTO
Burger KingGILBERT, AZ
10
PROPERTY DESCRIPTION
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age areapproximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
Burger KingGILBERT, AZ
RECENT SALES
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Burger King
Burger King
Burger King
Burger King
Burger King
12
RECENT SALES
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
RECENT SALES MAP
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Subject BurgerKing
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Average Price per Square Foot
13
RECENT SALES
Average Cap Rate
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
CAP RATE AND PRICE PER SQUARE FOOT
1
2
Subject Property
Burger King
450 North Gilbert Road
Gilbert, AZ 85234
Burger King
600 Canal Street
King City, CA 93930
Burger King
8304 El Camino Real
Atascadero, CA 93422
Close of Escrow: 6/20/2013 Sales Price: $1,950,000
Rentable SF: 3,049 Down Payment: 100%
Year Built/Renovated: 1987/N/A CAP Rate: 5.63%
Price/SF: $640.00
Close of Escrow: 1160000 Sales Price: $1,160,000
Rentable SF: 2,645 Down Payment: 100%
Year Built/Renovated: 1999/N/A CAP Rate: 5.48%
Price/SF: $439.00
14
Rentable Square Feet: 2,726 Sales Price: $1,000,000
Year Built: 1988 Down Payment: $1,000,000
CAP Rate: 6.00%
Price/SF: $366.84
RECENT SALES
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
RECENT SALES
3
4
Burger King
1864 North Broadway
Santa Maria, CA 93454
Burger King
76 East Patriot Boulevard
Reno, NV 89511
Close of Escrow: 6/20/2013 Sales Price: $2,946,828
Rentable SF: 2,408 Down Payment: 100%
Year Built/Renovated: 1996/N/A CAP Rate: 5.80%
Price/SF: $1,224.00
15
RECENT SALES
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
RECENT SALES
Close of Escrow: 10/10/2013 Sales Price: $1,507,000
Rentable SF: 2,888 Down Payment: 100%
Year Built/Renovated: 1992/2009 CAP Rate: 5.75%
Price/SF: $521.81
Burger KingGILBERT, AZ
DEMOGRAPHIC ANALYSIS
1 Mile 3 Miles 5 Miles
2000 Population 14,468 119,458 335,013
2010 Population 13,823 118,289 361,959
2012 Population 14,184 121,332 371,347
2017 Population 14,191 122,837 383,058
2000 Households 4,738 38,953 115,063
2010 Households 5,077 41,126 127,873
2012 Households 5,216 42,225 131,351
2017 Households 5,351 43,424 137,281
2012 Average Household Size 2.74 2.87 2.82
2012 Daytime Population 5,549 48,889 134,818
2000 Median Housing Value $156,490 $125,798
2000 Owner Occupied Housing Units 67.16% 75.13% 63.66%
2000 Renter Occupied Housing Units 28.97% 21.10% 27.28%
2000 Vacant 3.57% 4.11% 8.63%
2012 Owner Occupied Housing Units 51.82% 64.27% 55.54%
2012 Renter Occupied Housing Units 43.28% 31.36% 35.26%
2012 Vacant 4.90% 4.37% 9.21%
2017 Owner Occupied Housing Units 50.63% 63.55% 55.29%
2017 Renter Occupied Housing Units 44.24% 32.05% 35.59%
2017 Vacant 5.13% 4.40% 9.12%
$ 0 - $14,999 8.1% 5.1% 7.7%
$ 15,000 - $24,999 8.7% 5.3% 8.1%
$ 25,000 - $34,999 11.3% 7.9% 10.2%
$ 35,000 - $49,999 14.5% 12.7% 14.5%
$ 50,000 - $74,999 23.0% 22.4% 21.9%
$ 75,000 - $99,999 14.3% 17.0% 14.8%
$100,000 - $124,999 10.2% 13.3% 10.1%
$125,000 - $149,999 4.9% 6.3% 5.0%
$150,000 - $199,999 2.9% 5.8% 4.2%
$200,000 - $249,999 0.8% 1.6% 1.3%
$250,000 + 1.3% 2.6% 2.1%
2012 Median Household Income $58,477 $71,006 $60,194
2012 Per Capita Income $25,864 $31,143 $27,410
2012 Average Household Income $70,299 $89,385 $77,310
Demographic data © 2012 by Experian.
17
DEMOGRAPHIC ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
DEMOGRAPHIC REPORT
Geography: 5 Miles
Population
In 2012, the population in your selected geography was 371,347 . The population has changed by 10.84% since 2000. It is estimated
that the population in your area will be 383,058 five years from now, which represents a change of 3.15% from the current year. The
current population is 49.6% male and 50.3% female. The median age of the population in your area is 33.0 , compare this to the U.S.
average which is 37. The population density in your area is 4,734.55 people per square mile.
Households
There are currently 131,351 households in your selected geography. The number of households has changed by 14.15% since 2000.
It is estimated that the number of households in your area will be 137,281 five years from now, which represents a change of 4.51%
from the current year. The average household size in your area is 2.81 persons.
Income
In 2012, the median household income for your selected geography is $60,194 , compare this to the U.S. average which is currently
$53,535. The median household income for your area has changed by 25.58% since 2000. It is estimated that the median household
income in your area will be $68,145 five years from now, which represents a change of 13.20% from the current year.
The current year per capita income in your area is $27,410 , compare this to the U.S. average, which is $28,888. The current year
average household income in your area is $77,310 , compare this to the U.S. average which is $75,373.
Race & Ethnicity
The current year racial makeup of your selected area is as follows: 74.15% White, 3.89% African American, 1.81% Native American
and 4.13% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.20% White, 12.65% African American, 0.96%
Native American and 5.01% Asian/Pacific Islander.
People of Hispanic origin are counted independently of race. People of Hispanic origin make up 29.03% of the current year
population in your selected area. Compare this to the U.S. average of 16.55%.
Housing
The median housing value in your area was $125,798 in 2000, compare this to the U.S. average of $110,781 for the same year. In
2000, there were 80,424 owner occupied housing units in your area and there were 34,466 renter occupied housing units in your
area. The median rent at the time was $604 .
Employment
In 2012, there are 134,818 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed
that 64.3% of employees are employed in white-collar occupations in this geography, and 35.6% are employed in blue-collar
occupations. In 2012, unemployment in this area is 4.44% . In 2000, the median time traveled to work was 23.8 minutes.
Demographic data © 2012 by Experian.
18
DEMOGRAPHIC ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
SUMMARY REPORT
Number of people living in a given area per square mile.
Demographic data © 2012 by Experian.
19
DEMOGRAPHIC ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
POPULATION DENSITY
The number of people employed in a given area per square mile.
Demographic data © 2012 by Experian.
20
DEMOGRAPHIC ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
EMPLOYMENT DENSITY
Average income of all the people 15 years and older occupying a
single housing unit.
Demographic data © 2012 by Experian.
21
DEMOGRAPHIC ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
AVERAGE HOUSEHOLD INCOME
Two-way, average daily traffic volumes.Traffic Count data © 2012 by TrafficMetrix. All rights reserved.
22
DEMOGRAPHIC ANALYSIS
Burger KingGILBERT, AZ
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as tothe accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for anyinaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2014 U0331456 Marcus &Millichap. All rights reserved.
TRAFFIC COUNTS
* Traffic Count Estimate
GILBERT, AZ
OFFERING MEMORANDUM
Burger King
Offices Nationwide
www.MarcusMillichap.com